To improve security in the cryptocurrency sector, Coinbase Institutional has made its multi-party computation cryptography library publicly available.
MPC technology lowers the risk of theft or illegal access by allowing multiple parties to sign transactions without disclosing their private keys. Coinbase announced on Mar. 27 that they have open-sourced tools for transaction signing and safe key protection techniques, alongside technical documentations to help developers in integrating MPC into their systems.
现在,代码已在 GitHub 上发布,开发人员和组织可以轻松地将 MPC 集成到他们的安全系统中。Coinbase 希望通过开源这些工具来推动行业更广泛地采用最先进的安全功能。该公司还为安全研究人员推出了一个漏洞赏金计划,以帮助识别代码中的错误。
Since its debut in 2021, Coinbase Prime, the companyâs institutional platform, has grown rapidly, securing $404 billion in assets and facilitating $364 billion in quarterly institutional trading volume. It currently supports over 430 assets for custody and 250 for trading. Improving security continues to be its top priority as more institutions adopt Coinbase Prime for safe transactions and custody.
Coinbase Institutionalâs latest move coincides with the rapid surge in cyberattacks against the crypto industry. In the first quarter alone, hackers stole $1.64 billion, making it the worst quarter for security breaches in history, according to Immunefiâs Q1 2025 report.
94% of all losses were on centralized platforms. The Bybit hack alone accounted for $1.53 billion, making it the biggest exploit in crypto history. Ethereum (ETH) and BNB Chain (BNB) were the main targets for on-chain exploits, with 15 and 19 attacks, respectively.
到目前为止,只有 650 万美元(占第一季度被盗资金总额的 0.4%)被追回。随着黑客变得越来越老练,Coinbase 将其 MPC 库开源的举动可能是朝着改善该行业安全措施迈出的一步。